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Sunday, January 16, 2011

Dow Jones

Looking into Dow Jones Industrial which is the prime factor for the Global Market

1) Uptrend - Still obeying the uptrend line
2) HL - Formed higher low at 11576 and already above the previous higher high at 11743

3) MACD - Moving Sideways
4) RSI - Retracing and forming a divergence between RSI and Stock Price which is dangerous. There is a potential of major retracement soon. Be wary about this!!
5) ADX - Momentum is strong and will Dow Jones push up on Monday?

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